0
SELL
Owned it a few years ago and cut his losses. Now, cut your losses. This business is struggling as an asset manager, specifically to retain and attract new clients. Also, their key managers, including the CEO, have been leaving. They won't generate much in performance fees, which has been an attraction for investors in the past.
Financial Services

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HOLD
Its challenge is poor price momentum, especially during tax-loss selling season. However, its valuation is cheap, scoring in the top 5%. Trades at 6zx cash flow. Not a growth stock anymore. But at this price, it's good. It pays 9% dividend yield with a 78% payout ratio. Don't sell it here; it's too cheap.
Financial Services
DON'T BUY
A medium sized investment manager. They service high net worth individuals and institutions. They charge performance fees. It is a profitable business when markets are going up. That is not where they are now.
Financial Services
DON'T BUY

All money managers are down this year 25-35%, worse in the U.S. Only Guardian Capital has held up. These are plays on the overall market, so as markets go down, assets leave the asset managers. So, the macro has hurt GS. Last quarter, $250 million in assets left GS out of a total of $8 billion. There are worries among asset managers that more assets will leave them as investors panic in this downturn. Cheap multiple.

Financial Services
PAST TOP PICK

(Past Top Pick, Nov. 14, 2017, Up 14%) An asset management company that moves with the markets. Pays a 6% dividend plus a special annual one, totalling 7%. GS can do nothing year to year, and you'll still pocket that yield.

Financial Services
HOLD

He likes this stock as it runs specialty hedge funds and pays special dividends. The stock trades relatively cheaply. He expects to see continued consolidation in the sector and believes this may become a target in the future. (Analysts’ price target is $18.68)

Financial Services
COMMENT

Funds outflows usually follow underperformance. Once they start typically could go for years. The other factor that affected them is the departure of PMs. They could be a takeover target (like anything on the market). Most entities in the private wealth management space are private. He doesn’t think a takeover could happen soon.

Financial Services
PAST TOP PICK

(A Top Pick Feb 15/17. Down 5%.) A midsize asset manager, and manages about $9 billion. Although it has come off its peak of a year ago, the total return kind of dampens that, because it is quite a dividend payer. Periodically pays out special dividends. Dividend yield of about 6.5%.

Financial Services
DON'T BUY

A long-term manager of high net worth clients, who historically has done pretty well. He would avoid the stock right now. In the last year there has been a lot of infighting. The 2 founders are suing the company. Performance numbers have not been impressive. He worries what is going to happen to their asset flows, given some of the stuff that has happened.

Financial Services
TOP PICK

A cheap company, valuation wise. They often pay special dividends. There were some litigation issues with the cofounders, but that’s behind them now. There is a new CEO coming on who has taken on a 2% position in the company, and thinks he is going to do some things to help move the share price. Dividend yield of 6.4%. (Analysts’ price target is $17.)

Financial Services
DON'T BUY

Founded by 2 people who were geniuses in the business of managing money for high net worth families. The stock has struggled. The company makes its money by charging a fee on assets under management, but also by charging a participation fee on profits. Increasingly, high net worth families are resisting paying participation, simply because they don’t have to. Because of this, the company has difficulty in expanding its asset base and producing the kind of profits investors want to see.

Financial Services
COMMENT

A well-run asset manager. Asset managers have really lagged, and feels this is because of management fees on many of them. That doesn’t apply to this company. ETF's have lower fees and mutual funds cannot compete with them.

Financial Services
COMMENT

Just reached a settlement. She prefers wealth management through the big banks. If existing shareholders want to sell, it could probably be a candidate for a take out by one of the big banks, however, she has not heard anything about them being for sale.

Financial Services
COMMENT

Possible takeover by one of the banks? It is tough for a bank to buy this, because the culture is much more entrepreneurial than what the banks have. Also, they focus on the high net worth investor, and the banks average client size would be significantly smaller. This has not gotten back to anywhere near the $30 share price that it had in the 2014 era. Dividend yield of 5.8%.

Financial Services
TOP PICK

An asset manager that operates in the high net worth space. The demographics are great. Family assets are growing more quickly than lower net worth households. Also, client relationships tend to be longer-term and stickier, due to the nature of the services offered. The stock is discounted because of long-term litigation with the founders, which is likely to get cleared up later this year. Dividend yield of 5.27%. (Analysts’ price target is $19.67.)

Financial Services
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Gluskin Sheff and Associates(GS-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Gluskin Sheff and Associates is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Gluskin Sheff and Associates(GS-T) Frequently Asked Questions

What is Gluskin Sheff and Associates stock symbol?

Gluskin Sheff and Associates is a Canadian stock, trading under the symbol GS-T on the Toronto Stock Exchange (GS-CT). It is usually referred to as TSX:GS or GS-T

Is Gluskin Sheff and Associates a buy or a sell?

In the last year, there was no coverage of Gluskin Sheff and Associates published on Stockchase.

Is Gluskin Sheff and Associates a good investment or a top pick?

Gluskin Sheff and Associates was recommended as a Top Pick by on . Read the latest stock experts ratings for Gluskin Sheff and Associates.

Why is Gluskin Sheff and Associates stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Gluskin Sheff and Associates worth watching?

0 stock analysts on Stockchase covered Gluskin Sheff and Associates In the last year. It is a trending stock that is worth watching.

What is Gluskin Sheff and Associates stock price?

On 2019-06-05, Gluskin Sheff and Associates (GS-T) stock closed at a price of $14.24.